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Enigmabtc

Enigma Faces Resistance, But If Broken, Look Out Above Enigma was my worst performing coin for a while. I sold it all for ONT a while ago, which was a good trade. However, I recently got back into ENG by reducing some of my Litecoin position. I wanted to post this trade now, since I'm going to generally be taking a break from charting over the weekend. In my last ENGBTC analysis, I suggested that 6000 was likely the bottom, after we had a flash crash that wicked heavily on the broken triangle resistance (in pink). You can see the link to that idea below. So far, ENG has risen nicely from its bottom and is trying to break out of the 12000-13000 resistance. I entered at 9590 today after the pullback (already a nice 10% rise), and I'm betting on this thing going a little wild. As I type this, it's rising pretty nicely, but ENG faces some heavy converging resistance (light blue and red). If we can break that and finally sustain some volume, I think ENG can really take off, and perhaps test its ATH on the Bitcoin ratio (maybe not an Enjin level pump, but who knows?) Fundamentally, I chose to stick with ENG rather than WTC because I see ENG as having more speculative value. Its team is comprised of some serious people from MIT and you can bet they're working hard. If you watch my most recent video post, you can see why ENG might be easier to pump than WTC. People need to get excited about a rise in order for it to sustain, and I think since ENG doesn't have a tarnished record (along with strong fundamentals), people are more likely to jump into a price rise than with Waltonchain, even if WTC does succeed. This is just a personal trade. May not play out how I want it to. I might end up holding this position for a while to see where it goes, or do some swing trading. This is not financial advice. What you do with your money is up to you. -Victor Cobra
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by VictorCobra
1
$ENG #ENGBTC Extensive Technical Analysis -Day Trader ExplainsHello Lads and Ladies, Welcome back to TJs Daily TA session, this time requested by the Elite Trading Group, we will be looking at ENGBTC on the daily timeframe. As you see with the last TAs we are on a GEM-HUNT and getting all coins that are pretty bottomed out together and posting them here with nice targets so some lazy readers can simply follow it now and learn how to do it themselves. The first thing that comes immediately in my eyes is that we have here very string trend angles which have been respected multiple times. As you can see the uptrend support lines have all a strong angle that is being respected. This angle indicates that Bulls of ENG are string and not really jumping on and off. As soon as they are there, everything goes up in the same angle and momentum. Pretty easy to follow, right? As in most coins before we can see here very clearly almost the same structure of an exponential increase, a retracement, a bear flag and then even stringer downtrend which has ended at a strong level of support and is now flat with and increasing buy volume and momentum. We are in an accumulation zone where traders like us see the obvious opportunity and simply start accumulating more and more as the time proceeds since once again the longer we take to "pop" the higher and bigger will our "pop" be. This time we will be taking the Fibonacci Tool and looking for potential targets instead of using only horizontal supports and resistances. It is applied at the top of the bear flag with 100% and at the bottom of the strong downtrend 0%. Once again here, we need to break the 61.8% retracement line to confirm an uptrend. Anything before that is "simply" a retracement. YET, as you see, even inside this retracement you have a 200%+ opportunity. Now taking a look at the art, that we have created here on the chart. If you want a perfect example of a falling wedge and its breakout look at the very first one on the chart. Could not be better. Back to where we are right now - support. We can see the purple curved line which indicates a support as well. This MIGHT be the path ENGBTC will take in the next months. While having the horizontal supports as "backup". We also see two small orange lines pretty much at the bottom. These lines have different meanings and can be used as follows. The first case would be - Stagger down to support and take profits at the two small orange lines (for a short-term trade). The second case would be - A close above the first orange line indicates that you can start buying and staggering down. The close above the second orange line is the last and full indication of a breakout and will most likely continue to the indicated targets. Now, lets take a look at our indicators. FOMO - is a clear buy signal, which might continue for quite a bit more. Trendline - is green, confirming the direction and indicating an uptrend. RSI - with 66 points is pretty high, yet up trending as well and has not seen a really straight move upwards. StochRSI - Is with 100;99 very high, yet after such a big downtrend it is quite normal. What I would like to see? I think, a re-test of the curved uptrend line with a small wick below would be perfect. Simply to re-set some indicators and fill up my orders. Speaking of orders, he is how I will do my trade: ENG/BTC Binance BUY 10000 - 9500 - 9120 - 8750 - 8250 TARGETS 13140 - 14816 - 18913 - 22224 - 25535 - 36255 Stop Loss CLOSE below 7777 Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
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by KongTrading
1
Analytics ENG/BTCThe Enigma project positions itself as a solution for traders and investors. The team has clear plans for project development. However, in our opinion, the idea is difficult to scale. The coin is distinguished by low liquidity and a chart with poor data for technical analysis. On the positive side, we can note that trading volumes are at a constant level since March, while other altcoins have experienced a significant decline. Since early September, the token is in a narrow corridor 0,00009727-0,00008270, and this creates additional risks, because exit from the channel can occur in any direction, and the reasons for growth are not observed. Volatility is about 6-8% per day. This case and the high price of the token gives good opportunities for intraday trading. Growth potential is about 240-280%. Not suitable for long-term investments.
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by ZOGRAS
4
Strategy for ENIGMA (ENG) Recent days in cryptoland have been pretty calm with relative low volatility and Bitcoin's resistance of $6.000 is still holding. Lots of cryptos have been ranging for about 1 month. It is very possible that Bitcoin and some Alts have been recently accumulated. We are therefor interested *IF* the market shows new positive momentum. It's still quite early to consider opening large open trades but it might be a good time to accumulate some of the most promising coins. ENIGMA (ENG): Enigma's proposal is to keep data private. It's technology enables nodes to execute computation over encrypted data thus keeping it private. Not all data is incoporated in blocks but rather in different nodes to permit scalling. They are pretty much hand with hand with OPAL, MIT Media Lab and recently partnered with giant Intel (and AION, Ethereum Alliance, Kyber, Napoleonx, ect) For the market to deliver strong momentum it's need to play with the resistance, that's how bigger players accumulate. The longer the better. *Open trade at $1.70 *Close opened trade: $1.18
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by albancouturier1
Enigma - Huge Long OpportunityENG day chart is a joy to watch. Crystal clear from a TA perspective. We have a massive bull flag which is a very profitable and successful bullish pattern. This pattern is preferred to be played out on the breakout among traders. Price retraced to the 0.618 at 0.00022100 which gave it the golden ratio bounce. The fact that all this is happening on the Day Chart makes the breakout stronger. BTC is going through a possible reversal but its most likely a pullback unless $7000 is broken. So at this point BTC might give us a couple of days to go sideways or maybe even go slightly more bullish. Sideways or bullish movement from BTC will result in alts rising in both volume and price. So from a risk perspective it may be slightly less risky and a stop loss should always be applied. Price formed a higher low and the stochastic confirms the trend is bullish. We have 4 possible profit taken areas: 0.00027279 18% 0.00028299 23% 0.00029950 30% (1:1 flag length. If TA is correct this price AREA is highly likely to be achieved) 0.00032620 42% Also they have their Enigma Testnet 1.0 Release today which may be the first push to going long. This analysis is not financial advice. Always do your own research.
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by itradearn
ENG/BTC 4 Hr...Setting Up The Trade For The Long...Hello fellow traders to this update on Enigma. I have decided to post a new chart for everyone, as it appears I am not the only bull with this cryptocurrency :-) I have done my best to label the chart with as much information so that I can save posting a long speech here. A couple things to note: Could the C be in? It is definitely possible, and I do have it in on an alternate count. Also, many people do not factor in extreme wicks but I do. I ignore nothing in the chart; as I do not know what is intentional or accidental. This will certainly be an exciting trade to follow, so please stay tuned ;-) As always, this is for your entertainment only...And NOT a recommendation to buy or sell. longmoney
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by longmoney
7
ENIGMA: INTEL PARTNERSHIP - PROFIT = 29.66% !!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 19th of June 2018 . Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 29.66% PROFIT!!! The increase in price may also be explained by positive developments including: June 13: Enigma announces impending mainnet release in Q3 2018. June 20: Enigma announces partnership with Intel on research and development efforts to advance development of privacy preserving computation technologies. As a part of this effort, Enigma will utilize Intel SGX (Software Guard Extensions) in it's privacy technologies allowing for data to be protected while still allowing for computation over the data as part of a scalable, secure solution. The general uptrend in the crypto markets as well as the positive developments outline above - in particular Enigma's partnership with Intel. ***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
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by CryptoTradeSignals